STATE OF MARYLAND REGISTER OF WILLS

1 STATE OF MARYLAND REGISTER OF WILLS 1B1 BUUSAMPLE GUIDE 2B2 BUUFOR FILING ACCOUNTS Within nine months of the date of appointment, an initial account must be filed. The following sample of a First & Final account should be used as a guide and checklist only. Each account must include the original signatures of all personal representatives and the attorney for the estate, if applicable. Addresses and telephone numbers are also required. UUAccount overview The purpose of an account is to report all financial activity involving probate assets from the date of death of the decedent to the end of the current accounting period.

2 The initial account is due nine months after the date of appointment of the personal representative. There are two types of accounts, an interim account and a final account . With an interim account , not all estate assets are distributed. After filing an interim account , the estate will stay open and a subsequent account will be due six months from the approval of the account or nine months from the date the last account was filed, whichever occurs first. With a final account , all estate assets will be accounted for and upon the approval of the account , if no exceptions are timely filed, the estate will close.

3 No additional documents will be required by this office after the order approving the final account has become final. You may prepay probate fees and taxes due to this office; however, probate fees will not be assessed until after the filing of the first account and Inheritance tax will be assessed when distribution is shown in an account . A bill will be sent to you from this office. This does not apply to non-probate tax which is billed separately. (See page 18 Exhibit D for calculation of probate fee) UUAccount checklist Before submitting your account , make sure the following items are completed and included: Verification of the account and certificate of service attesting to the fact that notice of the account has been sent to all interested persons.

4 This page must be signed by all personal representatives and attorney (if applicable). Form attached (page 11). account includes a summary page, schedule pages one through seven, and any supporting documentation. The CLAIMS DOCKET at the REGISTER of WILLS Office has been reviewed prior to the estate closing to verify all claims against the estate have been paid in full, settled, or formally disallowed (see page 18 Exhibit D - for overview on claims) Ensure that all figures balance. The sum of the beginning balance, principal receipts, change in assets, and income should equal the sum of the disbursements, distribution, and if applicable balance retained for future accountings.

5 Contact the REGISTER of WILLS for any additional questions you have regarding the proper completion of your account . NOTE: INHERITANCE TAX RATES ARE DETERMINED BY UUDATE OF DEATH OF THE DECEDENT AND RELATIONSHIP OF HEIR / LEGATEE TO THE DECEDENT. THIS AFFECTS UUSCHEDULE 6 ONLY The following pages show a completed First and Final account Sample with explanation. You may choose to follow this layout when filing your account . IN THE ORPHANS COURT FOR (_____) COUNTY, MARYLAND ESTATE OF (Decedent s Name) ESTATE NO. W20000 Date of Death: January 1, 2008 FIRST AND FINAL account of (Name), Personal Representative (or Special Administrator for First or Interim account )

6 For the period beginning January 1, 2008 and ending September 1, 2008 UUSUMMARY OF TRANSACTIONSUU UURECEIPTSUU UUDISBURSEMENTS Total Beginning Balance from SCHEDULE 1 $ 393, Total Miscellaneous Principal Receipts from SCHEDULE 2 9, Total Changes In Assets from SCHEDULE 3 16, Total Income from SCHEDULE 4 7, Total Disbursements from SCHEDULE 5 $ 37, Total Distributions & Inheritance Tax from SCHEDULE 6 390, Total Balance Retained For Future Accounting from SCHEDULE 7 -0- TOTALS $ 428, 428, 1 The Summary Page provides an overview of the entire account .

7 A supporting schedule for each figure reported on the summary page must be included. Schedule 1 of a First account reflects the date of death value of the assets solely owned by the decedent as reported on all Inventories filed with this office. Subsequent accounts will reflect the balance retained from the previous account as itemized by Schedule 7 on said previous account . 5B5 BSCHEDULE 1 - Beginning Balance UUASSETS PER INVENTORYUU (or assets carried forward from prior accounts) Schedule A Real Property 405 Main St., Rockville, MD $125, 5764 Frederick Rd., Gaithersburg, MD 75, B Leasehold -0- C Tangible Personal Property 2, D Corporate Stocks 59, E Bonds, Notes, Mortgages, Debts 98, F Bank Accounts, Savings & Loan Accounts, Cash 22, G All Other Interests UU11, TOTAL $393, 2 Schedule 2 includes all miscellaneous collections not otherwise reported by Schedule 1 (beginning balance), Schedule 3 (gains and losses) or Schedule 4 (income).

8 6B6 BSCHEDULE 2 - Miscellaneous Principal Receipts 01/31/08 Final payment of accrued salary $2, 01/31/08 Accrued vacation pay 1, 2/1/08 Insurance policy payable to estate RMD Insurance Company 5, 2/14/08 Refund - Washington Sun Newspaper 2/26/08 Reimbursement - Blue Cross/Blue Shield 5/7/08 Adjustment for pre-paid property tax on sale of 405 Main Street - per settlement statement UU TOTAL $9, All sums deposited in estate money market acct. #0000000000 3 Schedule 3 is a summary of changes in assets including sales, redemptions, transfers, purchases, adjustments to inventoried values, stock splits, changes of corporate names, etc.

9 Any gain or loss realized from a transaction is to be reflected. A loss will be reflected as a negative. Documentation of transactions may be required. Examples of documentation are as follows: Broker s statements, settlement statements, bills of sale, etc. A gain or loss due to market fluctuation should not be included in this section unless it has been approved by the court pursuant to Estates and Trusts 7-204. Effective for decedents dying on or after January 1, 1998: Income received by the estate including gains and losses accrued on probate assets after the date of death is not subject to inheritance tax, BUT IS SUBJECT TO ACCOUNTING by a personal representative.

10 SCHEDULE 3 - Changes in Assets Including Gains and Losses 1/15/08 Bank accounts reported on inventory closed and transferred to estate money market account at Rockville National Bank - acct. #0000000000 3/8/08 GMAC Note redeemed at $100, Inventory value UU 98, Gain 1, Proceeds deposited in estate acct. #0000000000 5/7/08 405 Main Street sold for $138, Inventory value UU 125, Gain 13, Proceeds deposited in estate acct. #0000000000 6/10/08 Office Building Partnership Inventory value $11, Capital distribution received & deposited to estate acct.